dNFTs is an open source free standard that provides distributed ownership of NFTs in real life applications on EOS blockchain. It offers utility to various industries that require ownership in the form of distributed rights.
| S.No | NFT | SFT | dNFT |
|---|
| 1 | Non fungible tokens are unique tokens and indivisible in nature representing unique assets. | Semi fungible tokens are to issue a run or batch of items that are for all intents and purposes the same. | Distributed Non Fungible Tokens allow distributed ownership of NFT representing digital assets that can have multiple stakeholders. |
| 2 | Use cases include scarce physical properties like artwork, cryptokitties etc. owned by a single owner. | Use cases include physical items that are 1 of n with a serial number or slightly different metadata like concert tickets, 3D game assets etc. owned by single owner. | Use cases allow partial ownership in the form of real percentage, say x% ownership of NFT like e-books, songs, videos etc. allowing multiple ownership. |
| 3 | The most popular standard for such tokens is ERC-721. | The most popular standard for such tokens is dgoods on EOS blockchain and ERC-1155. | DNFT standard focuses on this use case issuing 100 PERs (stable coins) against any particular NFT item like Video-A. |
All the NFTs coming in the system are validated and authenticated. Only real valued NFTs are allowed to enter the market for sale.
The marketplace for various categories at one single place with differentiable entity of each market.
No need to trust any centralized institution to keep a safe record of the ownership of your assets, thus providing you the immutable, transparent and decentralized solution.
Every creation of NFT by owner needs to be verified by trusted validators in the real-world. They need to choose 1 validator from trusted validators list and one is chosen by contract randomly. They encrypt their unique information (e-mail, name, phone etc.) using chosen validator’s key and sign the json document. The hash is shared on blockchain and once both validators verify the creation, it is alive for buying, selling and transferring functions.
PROTOTYPING
Contract prototyping & the business logic
MARKETING & OPEN SOURCE CODE
Community response, prototype dApp and the ecosystem. Scaling the solution.
Development of mobile application and internal testing on EOS testnet
SOFT LAUNCH TO EARLY ADOPTERS AND MARKETING
Start industry collaborations with early partners, launch Beta v1.0 on testnet.
Officially launch the project on EOS mainnet.
dNFT has a broad scope in terms of realisatiion of decentralised marketplace where ownership & the rights of NFTs can be distributed, tracked and monetised.
This is an open source project. The team believes it can be completely tested by November, 2020.
It is simply because of the use case one requires. If NFT requires distributed ownership and provable authenticity, dNFT is the right choice.
Our mission has always been to protect people’s digital privacy in any form and offer authenticity at the same time. Keeping it permissionless, decentralised, authentic and secure has been our primary goal.
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